The research director of cryptocurrency asset management company Galaxy Digital, Alex Thorn, believes that Bitcoin will break through $150,000 in the first half of the year and reach $185,000 in the fourth quarter. In a research report, Alex Thorn wrote, "The adoption by institutions, corporations, and state entities will drive Bitcoin to new heights in 2025. During its existence, Bitcoin's appreciation rate has outpaced all other asset classes, particularly the S&P 500 index and gold, and this trend will continue into 2025. Bitcoin will also reach 20% of gold's market capitalization."
Galaxy predicts that the asset management scale of U.S. spot Bitcoin ETFs will exceed $250 billion in 2025. The company expects that next year, five companies from the Nasdaq 100 index and five countries will add Bitcoin to their balance sheets or sovereign wealth funds. (CNBC)

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